From 2012 to 2022, the German cotton yarn market saw a continuous decline in market size value. The market shrank from €245.47 million in 2012 to €138.17 million in 2022. This represents a clear downward trend characterized by significant year-on-year variations, particularly in 2013 (-12.89%) and 2019 (-22.62%). However, some periods experienced relative stability, such as 2018 (-1.21%) and 2020-2021, where slight positive changes of approximately 1.5% were observed. Over the last five years (2018-2022), the Compound Annual Growth Rate (CAGR) was around -6.02%, confirming the challenging environment in the cotton yarn market.
In 2024, it is expected that the market value will continue to see fluctuations as the industry adjusts to new trends and external pressures. Key trends to watch include the impact of technological advancements in textile manufacturing, shifts towards sustainable and eco-friendly materials, and the economic repercussions of global trade policies. Anticipating these factors can provide a more comprehensive understanding of the future market landscape.
How does Germany rank in Cotton Yarn Market Size Value?
| # | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 562,860,000 | 2023 | +1.94% | +2.02% | View data |
| 2 | 2 Germany | 112,640,000 | 2023 | -9.28% | -9.56% | |
| 3 | 3 Czech Republic | 87,748,000 | 2023 | +0.5% | -0.47% | View data |
| 4 | 4 Poland | 77,702,000 | 2023 | -1.59% | -1.25% | View data |
| 5 | 5 Romania | 26,031,000 | 2023 | -1.69% | -6.26% | View data |
